Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!
FCPO ELLIOTT WAVE DAILY CHART ANALYSIS Complex correction of wave 4 forming WXY double combo. Where X wave = triangle , X = 3 structure & Y = irregular flat. For this counting, im assuming the cycle of wave 4 already complete and expecting the decline movement from 2498 to unfold into five wave movement and my next target is at 2255 area.
FCPO 1 HOUR CHART ANALYSIS - INTRADAY Expecting price to go lower to complete the final wave 5 cycle.
INARI Amerton currently traded above kumo cloud which indicates a bullish sign. Tenkan sen above Kijun sen also indicates a bullish sign. Chikou span is above kumo cloud which give an indication for a bullish momentum. Resistance for INARI is RM 2.53 while the support is RM 2.3 and RM 2.
KLCI might do a further correction since the breakout of the previous support at 1791 point. The next support zone is 1756 point . Overall, KLCI still in the uptrend bias. However, 1756 might be a turning point for bearish momentum. The other support zone is at 1707 point. 24 April 2018 post